The Hindu Business Line : Tuesday, November 29, 2005

Rupee breaches 46-mark again
THE rupee breached the psychological level of 46 against the US dollar on Monday for the second time in November as importers, particularly on behalf of oil companies, bought dollars to meet the month-end demand. Dealers said the dollar has ... More

Rupee continues to slide; bonds rally
MUMBAI: The rupee breached the psychological level of 46 against the dollar for the second time this month as month-end demand boosted the US currency in the local forex market. The rupee opened at 45.90/91, touched a low of 46.02 ... More

GENERAL INSURANCE

Iffco-Tokio eyes Rs 750-cr premium income this year
IFFCO Tokio General Insurance Co Ltd expects to achieve a premium income of Rs 750 crore in the current year, 50 per cent more than last year, the company's Managing Director, Mr Ajit Narain, told newspersons here on Monday. In the first half ... More

FOREIGN DIRECT INVESTMENT

Hike in insurance FDI cap: Changes in Act under study
THE Government is pushing ahead with the proposal to hike the foreign direct investment (FDI) cap in the insurance sector from 26 per cent to 49 per cent. Addressing the India Economic Summit organised by the CII, Mr Ashok Jha, Secretary, ... More

HUMAN RESOURCES

`Retaining quality workforce key driver for Indian banking'
THE powerful Indian banks in the new era of liberalised banking will be those which realise that it is not the organisational structure that drives them but the content and quality of services their workforce provide, according to the President ... More

FOREIGN BANKS

ABN-Amro keen to expand micro-finance business
FACED with limitations on branch expansion, ABN-Amro is seeking a special dispensation from the Reserve Bank of India to expand its micro-finance business in India. The bank, which has so far focused on tie-ups with select micro-finance ... More

NON-PERFORMING ASSETS

Discounts on NPA take-outs falling
BANKERS, till recently hamstrung over liquidation of non-performing assets, are now on a discount shopping spree. For the last three years, banks have suffered high gross non-performing assets and shrinking net NPAs (net of provisions). The ... More

CREDIT MARKET

Credit boom, but where are the profits?
GIVEN the upheaval that banks faced in 2004-05, both in terms of a substantial increase in bank credit and the marginal rise in interest rates, the banking sector's profitability ought to have improved. However, an ... More

FIXED DEPOSITS

Karur Vysya raises NRE deposit rates
CHENNAI: Karur Vysya Bank has raised the interest rates on NRE term deposits from November 17. - - Our Bureau

TRADE & LABOUR UNIONS

ING Vysya Bank staff plan strike on Dec 26
THE All India ING Vysya Bank Employees' Union (AIIVBEU) and the All India Vysya Bank Officers' Association (AIVBOA) have served notice to go on a day's strike on December 26 to achieve their demands. Their main demands are recruitment of award ... More

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